?21.?2.?3.?4.?5.?31.1 ? ?1999? ? ? ? ? ?1? ? RTC2? ? ? ? ? ? ?2010?6? ?2012?9 ? ? ? ? ? ?2013-2014? AMC? ? ? ? ?2010?6? ?2012?9? ?2004? ? ? ? ? ? ? ? ? ? ? ? ? ? ?4?1? ? ?2?3?1989?Resolution Trust Company?RTC?20?80?90?RCC?1991?Securum?1998?Danaharta?KAMCO?2001?1.2 ?5?2.1? ? ? 1? 2? 3?AMC? 4?AMC?50246810121416182005,00010,00015,00020,00025,0002003-12 2004-03 2004-06 2004-09 2004-12 2005-03 2005-06 2005-09 2005-12 2006-03 2006-06 2006-09 2006-12 2007-03 2007-06 2007-09 2007-12 2008-03 2008-06 2008-09 2008-12 2009-03 2009-06 2009-09 2009-12 2010-03 2010-06 2010-09 2010-12 2011-03 2011-06 2011-09 2011-12 2012-03 2012-06 2012-09 2012-12 2013-03 2013-06 2013-09 2013-12 2014-03 2014-06 2014-09 2014-12 2015-03 2015-06 2015-09 2015-12 2016-03?%?62.2?1.?2.?3.? 2011? 2013?2003? ?2016?2004?6?2787?414?227?2005?5?6?2460?4590?2008?10?800?1.10 1.10 1.00 0.90 1.00 0.94 0.94 0.95 0.95 0.96 0.96 0.97 1.00 1.04 1.08 1.16 1.25 1.39 1.50 1.59 1.67 1.75 0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 2.00 02,0004,0006,0008,00010,00012,00014,00016,000?%?2016?1.39? ? ?1.75%?18?72.2?2?3? ? ?2010-2016?8?2016? ? ?44? ? ?2015?11.45? ? ?7.9%?2012?3.23?39.3%? ? ?WIND0.00%0.10%0.20%0.30%0.40%0.50%0.60%0.70%0.80%020040060080010001200?2?3?024681012141618201120122013201420152016Q1? ? ? ? ? ? ? ? ?92.3?2015? ? ? ? ? ? ?79.21%29.67%67.31%27%?85.42%19.45%73.1%5.2%?93.19%10.98%33.35%32.8%?80.17%21.5%44.61%33.2%? ? ? ? ? ? ? ? ? 84.68 18%? 90.10 20% ? 144.82 31%? 140 31%?-? ? ?-? ? ?-? ? ?-? ? 4,107.23 16%? 5,113.00 20%? 8,665.46 35%? 7,139.75 29%?-? ? ?-? ? ?-? ? ?-? ?AMC?:?AMC?102.3?-? ? ? ? ?AMC? ?AMC?25?112.3?